MercadoLibre set for rebound despite 30% stock drop, driven by strong growth in Brazil and fintech gains.

MercadoLibre's stock has fallen about 30%, but the company shows strong growth, especially in Brazil, with its $20 billion quarterly GMV growing at a mid-30% rate. Its fintech division, MercadoPago, significantly boosts total revenue by driving transaction volume at roughly four times the GMV. Despite heavy investment, MercadoLibre maintains positive GAAP net income and adjusted EBITDA, supporting a buy rating. This positions the company well for a rebound amid broad market optimism beyond AI stocks.